Climb Global Solutions (NASDAQ:CLMB) Sees Unusually-High Trading Volume - Still a Buy?

Key Points

• Climb Global Solutions (NASDAQ: CLMB) experienced a significant increase in trading volume, with 41,404 shares traded, a rise of 27% compared to the previous day.
• The company reported an EPS of $1.39, exceeding analysts' estimates of $0.90, while generating $159.28 million in revenue for the quarter.
• Climb Global Solutions recently announced a quarterly dividend of $0.17 per share, which translates to a 0.5% dividend yield and a payout ratio of 14.11%.

Shares of Climb Global Solutions, Inc. (NASDAQ:CLMB - Get Free Report) saw an uptick in trading volume on Tuesday . 41,404 shares changed hands during mid-day trading, an increase of 27% from the previous session's volume of 32,708 shares.The stock last traded at $137.67 and had previously closed at $132.17.

Analyst Upgrades and Downgrades

Separately, Barrington Research reaffirmed an "outperform" rating and issued a $136.00 price objective on shares of Climb Global Solutions in a research report on Thursday, September 11th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $136.00.

Climb Global Solutions Trading Up 4.1%

The firm has a market cap of $654.54 million, a price-to-earnings ratio of 29.39, a price-to-earnings-growth ratio of 2.14 and a beta of 1.01. The stock's 50 day moving average is $117.95 and its 200 day moving average is $111.21.

Climb Global Solutions (NASDAQ:CLMB - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $1.39 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.49. Climb Global Solutions had a net margin of 3.82% and a return on equity of 29.16%. The business had revenue of $159.28 million for the quarter, compared to analyst estimates of $113.25 million. On average, equities research analysts predict that Climb Global Solutions, Inc. will post 4.14 EPS for the current year.

Climb Global Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Monday, August 11th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, August 11th. Climb Global Solutions's dividend payout ratio is presently 14.11%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Hilltop National Bank acquired a new position in shares of Climb Global Solutions during the 2nd quarter worth approximately $35,000. IFP Advisors Inc grew its position in shares of Climb Global Solutions by 183.3% during the 2nd quarter. IFP Advisors Inc now owns 544 shares of the company's stock worth $58,000 after purchasing an additional 352 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Climb Global Solutions by 317.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 555 shares of the company's stock worth $59,000 after purchasing an additional 422 shares in the last quarter. Banque Transatlantique SA acquired a new position in shares of Climb Global Solutions during the 1st quarter worth approximately $60,000. Finally, State of Wyoming acquired a new position in shares of Climb Global Solutions during the 4th quarter worth approximately $64,000. Institutional investors and hedge funds own 49.72% of the company's stock.

Climb Global Solutions Company Profile

Climb Global Solutions Inc operates as a value-added information technology (IT) distribution and solutions company in the United States, Canada, Europe, the United Kingdom, and internationally. It operates in two segments, Distribution and Solutions. The company distributes technical software to corporate and value-added resellers, consultants, and systems integrators under the name Climb Channel Solutions; and provides cloud solutions and resells software, hardware, and services under the name Grey Matter.

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